1624 N Meadowcrest Blvd Crystal River, FL 34429
For Lease
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This exceptional 56,186 square foot industrial facility, situated on a 7.3-acre lot (including 2 acres of surplus land) in Crystal River, Florida, presents a compelling investment opportunity. Built in 1984 with significant renovations in 2005, 2007, 2008, and 2010, the property boasts a two-story design encompassing 45,326 square feet of warehouse/manufacturing space with impressive ceiling heights ranging from 14 to 30 feet, and a 10,860 square foot, two-story office area. The building features 12 loading docks with 5 dock-high doors, plus 2 ground-level roll-up doors, providing ample access for efficient loading and unloading. The property benefits from a robust electrical supply (up to 2000 AMPS), city water and sewer connections, and 111 parking spaces. Zoned PDR, it's approved for commercial and industrial uses, offering significant expansion potential. Strategically located 3.2 miles east of the Suncoast Parkway 2 and SR 44 interchange, this property enjoys proximity to thriving communities and benefits from the substantial growth projected for Citrus County, part of the Tampa-St. Petersburg-Clearwater MSA. The property is being delivered vacant upon closing. This is a fee-simple ownership opportunity with a Class B designation. The asking price is $3,890,000, translating to $69.23 per square foot.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PDR PLANNED DEVELOPMENT(S · Crystal River, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.